Talks with IMF on $360m SBA commence today
A delegation of the country’s finance managers has left for Dubai to attend the first quarterly review meeting of the International Monetary Fund (IMF) which begins on Monday more... (D)

Rs 102 billion October revenue receipts fall short of target
The Federal Board of Revenue (FBR) provisionally collected nearly Rs 102 billion in October 2009 as compared to the target of Rs 110 billion, reflecting a shortfall of Rs 8 billion. Sources told Business Recorder here on Monday that revenue collection for October 2009 is likely to reach the figure of Rs 106-107 billion on compilation of final figures in coming days more... (BR)

Modernisation of SMEs: SBP launches new refinancing plan
The State Bank of Pakistan (SBP) on Monday launched a new refinancing facility for modernisation of small and medium enterprises (SMEs) as part of its overall strategy to focus on the development of the SME sector in the country more... (BR)

PPP decides not to take NRO to parliament as MQM exhorts Zardari to 'make sacrifice'
A high-level meeting of the PPP was held in the Presidency on Monday night presided over by President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani more... (BR)

Proof of India's involvement in militancy found
Pakistan has pointed fingers at India from a forum having political and military leadership representation more... (D)

Mr President! It's time: Altaf
Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Monday advised President Asif Ali Zardari to “make a sacrifice” for the sake of country and the democratic system more... (DT)

NBP net profit declines to Rs 3.769 billion in first quarter
The profit after tax (unconsolidated) of National Bank of Pakistan (NBP) has declined to Rs 3.769 billion in the quarter ended September 30, 2009, as compared to Rs 4.814 billion earned in the corresponding period in 2008. The board of directors of the bank in its meeting held on Saturday declared that the bank's earning per share has declined to Rs 3.50 in the period under review against Rs 4.47 in the same period a year back more... (BR)

Investors Confidence: SECP issues new directives to AMC, PFMs
Securities and Exchange Commission of Pakistan has issued circulars to assure good corporate governance and to increase investor confidence. According to new directive issued to all Asset Management Companies (AMC), Pension Fund Managers (PFMs) and brokers the following requirements have been laid down more... (DT)

Trading in TFCs under BATS starts
The trading of terms finance certificates (TFCs) has been started at Karachi Stock Exchange (KSE) from Monday (November 2) under the Bonds Automated Trading System (BATS). On the fist day of the trading, as many as four trades of total 8100 TFCs were made at the local bourses. The volumes at this newly introduced counter were low on the first day at the local bourses, Muhammad Sohail, a leading analyst said more... (BR)

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